Aerospace Industry Reshaping Begins To Deal With COVID-19 Effects

May 6, 2020

Almost exactly 15 years ago, tens of thousands of spectators positioned themselves around the fences of Toulouse’s Blagnac Airport. On April 27, 2005, the Airbus A380 took off for its very first flight, heralding what many believed was going to be a new era of flight. Fast forward to April 2020: Almost the entire fleet of A380s is grounded, as are tens of thousands of smaller aircraft. And Airbus CEO Guillaume Faury wrote in an internal memo that “the survival of Airbus is in question.”